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12:20 pm
Thu August 2, 2012

GM announces second quarter earnings but mum on Ewanick

Joel Ewanick receiving Green Car of the Year for the Chevy Volt
General Motors GM

GM's second quarter profit dropped from a year ago. The company made $1.5 billion, down from $2.5 billion, largely due to losses in Europe.  

The company also took an unusual step related to damage control, after a high-profile firing at the company on Sunday.

GM departed from the industry norm and only allowed analysts, not media, to ask questions during its earnings conference call.

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